Common use of Transfer and Assignment of Certain Business Agreements Clause in Contracts

Transfer and Assignment of Certain Business Agreements. (a) Transfer and Assignment of LifePoint Group Business --------------------------------------------------- Agreements. On or prior to the Distribution Date, or as soon as ---------- reasonably practicable thereafter, and subject to the limitations set forth in this Section 2.4, each of Columbia/HCA and Triad shall take all necessary ----------- action to assign, transfer and convey, or cause to be assigned, transferred and conveyed, to the appropriate member of the LifePoint Group all of its (or any of its Subsidiaries') right, title and interest in and to any and all agreements, if any, that relate primarily or exclusively (as determined by Columbia/HCA in its sole discretion) to the LifePoint Group Business or any member of the LifePoint Group. (b) Transfer and Assignment of Triad Group Business ------------------------------------------------ Agreements. On or prior to the Distribution Date, or as soon as ---------- reasonably practicable thereafter, and subject to the limitations set forth in this Section 2.4, each of Columbia/HCA and LifePoint shall take all ----------- necessary action to assign, transfer and convey, or cause to be assigned, transferred and conveyed, to the appropriate member of the Triad Group all of its (or any of its Subsidiaries') right, title and interest in and to any and all agreements, if any, that relate primarily or exclusively (as determined by Columbia/HCA in its sole discretion) to the Triad Group Business or any member of the Triad Group.

Appears in 2 contracts

Samples: Distribution Agreement (Triad Hospitals LLC), Distribution Agreement (Lifepoint Hospitals LLC)

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Transfer and Assignment of Certain Business Agreements. (a) Transfer and Assignment of LifePoint Group Business --------------------------------------------------- Agreements. On or prior to the Distribution Date, or as soon as reasonably ---------- reasonably practicable thereafter, and subject to the limitations set forth in this Section 2.4, each of Columbia/HCA and Triad shall take all necessary action ----------- action to assign, transfer and convey, or cause to be assigned, transferred and conveyed, to the appropriate member of the LifePoint Group all of its (or any of its Subsidiaries') right, title and interest in and to any and all agreements, if any, that relate primarily or exclusively (as determined by Columbia/HCA in its sole discretion) to the LifePoint Group Business or any member of the LifePoint Group. (b) Transfer and Assignment of Triad Group Business ------------------------------------------------ ----------------------------------------------- Agreements. On or prior to the Distribution Date, or as soon as reasonably ---------- reasonably practicable thereafter, and subject to the limitations set forth in this Section 2.4, each of Columbia/HCA and LifePoint shall take all necessary ----------- necessary action to assign, transfer and convey, or cause to be assigned, transferred and conveyed, to the appropriate member of the Triad Group all of its (or any of its Subsidiaries') right, title and interest in and to any and all agreements, if any, that relate primarily or exclusively (as determined by Columbia/HCA in its sole discretion) to the Triad Group Business or any member of the Triad Group.

Appears in 1 contract

Samples: Distribution Agreement (Lifepoint Hospitals Inc)

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Transfer and Assignment of Certain Business Agreements. (a) Transfer and Assignment of LifePoint Group Business --------------------------------------------------- Agreements. On or prior to the Distribution Date, or as soon as ---------- reasonably practicable thereafter, and subject to the limitations set forth in this Section 2.4, each of Columbia/HCA and Triad shall take all necessary ----------- action to assign, transfer and convey, or cause to be assigned, transferred and conveyed, to the appropriate member of the LifePoint Group all of its (or any of its Subsidiaries') right, title and interest in and to any and all agreements, if any, that relate primarily or exclusively (as determined by Columbia/HCA in its sole discretion) to the LifePoint Group Business or any member of the LifePoint Group. (b) Transfer and Assignment of Triad Group Business ------------------------------------------------ Agreements. On or prior to the Distribution Date, or as soon as ---------- reasonably practicable thereafter, and subject to the limitations set forth in this Section 2.4, each of Columbia/HCA and LifePoint shall take all ----------- necessary action to assign, transfer and convey, or cause to be assigned, transferred and conveyed, to the appropriate member of the Triad Group all of its (or any of its Subsidiaries') right, title and interest in and to any and all agreements, if any, that relate primarily or exclusively (as determined by Columbia/HCA in its sole discretion) to the Triad Group Business or any member of the Triad Group.

Appears in 1 contract

Samples: Distribution Agreement (Columbia Hca Healthcare Corp/)

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